As the fourth quarter came to a close on June 30, Microsoft's revenues saw a rise of 13% compared to last year's quarter, resulting in a total of $13.37 billion. Wall Street analysts had expected an estimate of $13.27 billion. For shareholders that means a 31 cents rise to last year's 28 cents. Microsoft's revenues crossed a whopping $51.12 billion dollars for the 2006/2007 financial year, reports MFST Investor relations. Microsoft's ads received a total of $544 million which is a 33% growth.
"Revenue grew 13 percent to $13.37 billion from $11.80 billion last year, just ahead of Wall Street's estimate of $13.27 billion. Sales in the division responsible for Office 2007, which works with Vista and its predecessor Windows XP, jumped 19 percent to $4.63 billion. In comparison, the division responsible for Windows saw sales rise 14 percent to $3.81 billion," reports Forbes.
Kevin Turner, Microsoft's Chief Operating Officer said, “Surpassing $50 billion in annual sales is a testament to the innovation and value that our product groups delivered into the marketplace, as well as the outstanding execution by our field sales, marketing teams and partners to bring that value to life with our customers. In fiscal year 2008, we will continue to drive growth through new product offerings, such as Windows Server® 2008, Visual Studio® 2008, SQL Serverâ„¢ 2008, Office PerformancePointâ„¢ Server 2007, and Microsoft Dynamicsâ„¢ Live CRM.â€
Microsoft raised its price to $1.69-$1.73 a share and now a share costs $31.51 compared to last year's $22.85.
This is not the only goos news for Microsoft, as CNN money reports that, "For the first time in memory, Microsoft's share of the U.S. Internet search market was rising significantly, to 13.2% from 10.3% the month before. Meanwhile, worldwide, Microsoft's search engine use jumped nearly a third, the biggest gain in memory."
Mercury News reports that, "Microsoft is counting on several big product launches, including updated server software and the much-anticipated "Halo 3" video game, to spark double-digit growth next year."
A Webcast for the financial results with MFST Senior VP & CFO, Chris Liddell, Frank Brod, Corp. VP and Chief acctg officer and Colleen Healy, GM of Investor Relations about the company's performance and aims is available.
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